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Broken Arrow Real Estate Market Statistics: July 2016

Broken Arrow Real Estate Sales Statistics for Homes Sold by Price Point

(for the three-month period from April 25, 2016 to July 25, 2016)

What are the chances of selling my house in Broken Arrow?

You may discover that you can find a bigger house for less money in Broken Arrow. The market is moving just as fast in Broken Arrow as it is in Tulsa. There is tight inventory in both markets. In both markets the sellers have an advantage at the lower price points, while the buyers have the advantage at the higher price points.

Remember, a balanced market is one with a six-month supply of homes.

Take a look at the statistics for the Broken Arrow real estate market below and compare them with the real estate market in midtown Tulsa. These statistics will show you how fast homes are selling in Broken Arrow.

Overall Average for Houses in Broken Arrow

Average Number of Bedrooms: 3
Average Number of Full Bathrooms: 2
Average Number of Half Bathrooms: 0
Average Number of Garage Spaces: 2
Median Year Built: 2001
Average Square Footage (heated space): 2,083
Average Acreage: 0.44
Average List Price: $194,498.00
Average List Price Per Square Foot: $93.37
Average Sales Price: $191,336.00
Average Sales Price Per Square Foot: $91.86
Average Sales Price to List Price Ratio: 98.73%
Average Cumulative Days on Market: 56
Months Supply of Homes: 2.67
Odds of Selling in 90 Days: 36.62%

Up to $100,000

Average Number of Bedrooms: 3
Average Number of Full Bathrooms: 2
Average Number of Half Bathrooms: 0
Average Number of Garage Spaces: 2
Median Year Built: 1976
Average Square Footage (heated space): 1,392
Average Acreage: 0.31
Average List Price: $83,942.00
Average List Price Per Square Foot: $60.30
Average Sales Price: $81,174.00
Average Sales Price Per Square Foot: $58.31
Average Sales Price to List Price Ratio: 97.50%
Average Cumulative Days on Market: 33
Months Supply of Homes: 1.65
Odds of Selling in 90 Days: 36.36%

$100,000 to $150,000

Average Number of Bedrooms: 3
Average Number of Full Bathrooms: 2
Average Number of Half Bathrooms: 0
Average Number of Garage Spaces: 2
Median Year Built: 1983
Average Square Footage (heated space): 1,549
Average Acreage: 0.30
Average List Price: $130,054.00
Average List Price Per Square Foot: $83.96
Average Sales Price: $128,853.00
Average Sales Price Per Square Foot: $83.18
Average Sales Price to List Price Ratio: 99.23%
Average Cumulative Days on Market: 35
Months Supply of Homes: 1.08
Odds of Selling in 90 Days: 50.62%

$150,000 to $200,000

Average Number of Bedrooms: 3
Average Number of Full Bathrooms: 2
Average Number of Half Bathrooms: 0
Average Number of Garage Spaces: 2
Median Year Built: 2001
Average Square Footage (heated space): 1,958
Average Acreage: 0.35
Average List Price: $173,448.00
Average List Price Per Square Foot: $88.58
Average Sales Price: $171,050.00
Average Sales Price Per Square Foot: $87.36
Average Sales Price to List Price Ratio: 98.76%
Average Cumulative Days on Market: 42
Months Supply of Homes: 1.53
Odds of Selling in 90 Days: 47.53%

$200,000 to $250,000

Average Number of Bedrooms: 4
Average Number of Full Bathrooms: 2
Average Number of Half Bathrooms: 0
Average Number of Garage Spaces: 2
Median Year Built: 2004
Average Square Footage (heated space): 2,476
Average Acreage: 0.39
Average List Price: $226,658.00
Average List Price Per Square Foot: $91.54
Average Sales Price: $223,801.00
Average Sales Price Per Square Foot: $90.39
Average Sales Price to List Price Ratio: 98.80%
Average Cumulative Days on Market: 84
Months Supply of Homes: 3.00
Odds of Selling in 90 Days: 34.43%

$250,000 to $300,000

Average Number of Bedrooms: 4
Average Number of Full Bathrooms: 3
Average Number of Half Bathrooms: 1
Average Number of Garage Spaces: 3
Median Year Built: 2007
Average Square Footage (heated space): 2,849
Average Acreage: 0.46
Average List Price: $277,778.00
Average List Price Per Square Foot: $97.50
Average Sales Price: $273,812.00
Average Sales Price Per Square Foot: $96.11
Average Sales Price to List Price Ratio: 98.61%
Average Cumulative Days on Market: 80
Months Supply of Homes: 6.60
Odds of Selling in 90 Days: 22.09%

$300,000 to $350,000

Average Number of Bedrooms: 4
Average Number of Full Bathrooms: 3
Average Number of Half Bathrooms: 0
Average Number of Garage Spaces: 3
Median Year Built: 2012
Average Square Footage (heated space): 3,134
Average Acreage: 1.46
Average List Price: $333,389.00
Average List Price Per Square Foot: $106.38
Average Sales Price: $324,837.00
Average Sales Price Per Square Foot: $103.65
Average Sales Price to List Price Ratio: 97.60%
Average Cumulative Days on Market: 102
Months Supply of Homes: 7.07
Odds of Selling in 90 Days: 20.59%

$350,000 to $400,000

Average Number of Bedrooms: 4
Average Number of Full Bathrooms: 3
Average Number of Half Bathrooms: 1
Average Number of Garage Spaces: 3
Median Year Built: 2012
Average Square Footage (heated space): 3,615
Average Acreage: 0.34
Average List Price: $374,782.00
Average List Price Per Square Foot: $103.67
Average Sales Price: $366,925.00
Average Sales Price Per Square Foot: $101.50
Average Sales Price to List Price Ratio: 97.94%
Average Cumulative Days on Market: 166
Months Supply of Homes: 10.07
Odds of Selling in 90 Days: 16.28%

$400,000 to $500,000

Average Number of Bedrooms: 4
Average Number of Full Bathrooms: 3
Average Number of Half Bathrooms: 1
Average Number of Garage Spaces: 3
Median Year Built: 2015
Average Square Footage (heated space): 4,212
Average Acreage: 0.32
Average List Price: $450,441.00
Average List Price Per Square Foot: $106,94
Average Sales Price: $442,511.00
Average Sales Price Per Square Foot: $105.06
Average Sales Price to List Price Ratio: 98.37%
Average Cumulative Days on Market: 134
Months Supply of Homes: 4.94
Odds of Selling in 90 Days: 26.56%

Above $500,000

Average Number of Bedrooms: 5
Average Number of Full Bathrooms: 4
Average Number of Half Bathrooms: 1
Average Number of Garage Spaces: 3
Median Year Built: 2004
Average Square Footage (heated space): 4,711
Average Acreage: 5.29
Average List Price: $728,286.00
Average List Price Per Square Foot: $154.59
Average Sales Price: $685,643.00
Average Sales Price Per Square Foot: $145.54
Average Sales Price to List Price Ratio: 95.68%
Average Cumulative Days on Market: 98
Months Supply of Homes: 15.43
Odds of Selling in 90 Days: 10.45%

Statistics compiled by Debbie Solano, ALC, CRS, from data provided by NORES and the Greater Tulsa Association of REALTORS® for the period from April 25, 2016 through July 25, 2016.

Area covered includes single-family houses located in Broken Arrow Public School District (with a Broken Arrow or a Tulsa address) as well as single-family houses with a Broken Arrow address (which includes homes in Broken Arrow, Union, and Bixby Public School Districts.)

For current market statistics for your specific subdivision or neighborhood, please contact Debbie Solano at 918-724-8201.

Information is deemed reliable, but not guaranteed. Does not reflect all market activity.

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Debbie Solano is an Accredited Land Consultant and Certified Residential Specialist with a Broker-Associate license which hangs at the Midtown Tulsa office of Coldwell Banker Select REALTORS®. She would enjoy your feedback or questions. She can be reached at 918-724-8201 or dsolano@cbTulsa.com.